At this time of reflection, it seems clear that regeneration is going to be more difficult as a result of the reduction in future public expenditure. Loss of ‘gap–funding’ resources is likely to mean that more and more innovative financing models will have to be found if we want to see schemes get underway in the Black Country.
As ever the key will be flexibility, fleetness of foot in spotting and implementing opportunities and working in real partnership with the private sector.
Of course real partnership working is difficult at the best of times. But in times of diminishing resources and the need to prioritise activity, it gets even harder. Nevertheless I truly believe that those places which emerge as the success stories over the next few years will be those where the energy and resources of the public and private (and the third sector) are harnessed to deliver shared aims.
Wolverhampton has put in place the foundation stone for it to become one of these cities.
Interesting times await.